Will this frazzle more brains?

marijuana ad

Here’s the ad for Marijuana Munchies, now perfectly legal in Colorado and in Washington in a few months. And this is from the story that goes with the photo:

An air carrier is veering into a product-pitching space long dominated by late-night, fast-foodies, hinting at legalized marijuana while beckoning flyers to “get mile high.”

Spirit Airlines, playing off the approved use and sale of cannabis in the Rocky Mountain State, dangles discounted fares to Colorado where, its ad informs, “the no smoking sign is off,” nudging the content needle inside a sales niche called marijuana marketing.

To point out how this helps take the US to the opposite extreme of the Protestant work ethic, and will undermine the culture that once brought it success, makes no sense to those who count. In the ACT, it is still technically illegal but no one is arrested. In the Netherlands, they have made marijuana legal but under very restricted conditions. In Colorado, it is now freely available, pushed in a way you cannot even advertise tobacco. But we shall see how this ends up, but no matter how it turns out, I suspect the law will not be repealed and is likely to spread.

In fact, I don’t see how it can be contained. This is now in the hands of those whose aim is to further the spread of weed as fast as possible. What a thought, How legal marijuana could be the next great American industry:

As legalized marijuana sales take off in Colorado, here’s what a pot business model and mature marketplace might look like.

Twenty states and the District of Columbia allow medical marijuana—and New York Gov. Andrew Cuomo announced a medical marijuana plan in his State of the State speech last week.

But voters in Colorado and Washington state went a step further in 2012, becoming the first in the nation to legalize small plant amounts for adult recreational use and to regulate it like alcohol. Colorado sales began on New Year’s Day. Marijuana retailers are scheduled to open in Washington state later this year.

Amid this historic backdrop, a small merchant-focused pot industry is growing, alongside forerunners to national—potentially public—cannabis companies. The legal marijuana sector could unfold and function like the beer industry, with small batch varieties nabbing market share amid larger brands.

A marijuana-led recovery, here it comes:

In a new analysis on the marijuana marketplace, San Francisco-based angel investor network ArcView Group forecasts a 64 percent surge in the legal U.S. cannabis market to $2.34 billion by 2014. The five-year national market could grow to $10.2 billion amid rising demand and potentially new state markets, according to ArcView forecasts.

It makes me laugh when the generations on the way up and in the middle of life make fun of my hippie generation when so far as I can tell, they are in every way exactly in our mould.

Either a very stupid man or perhaps someone incapable of reading a text for meaning or perhaps maybe even something else

If this is what Ronald Radosh really thinks Diana West was saying in American Betrayal, he is either a very stupid man or is incapable of reading a text for meaning. This is from his letter to The New Criterion:

She asserts, time and time again, that decisions—particularly those made by fdr—which affected the Soviet–U.S. military alliance were made because the United States was an occupied power, its government controlled by Kremlin agents who had infiltrated the Roosevelt administration and subverted it.

Not in any way did any such thought enter my head as I read the book. Nothing could be farther from my mind than such an assertion. France was an occupied power. American was not an occupied power, only one whose foreign policy direction was heavily influenced by Soviet interests because there were Soviet agents right at the centre of the decision-making process. Radish is so blatantly wrong as a reading of what West wrote that stupidity or some kind of malicious intent are both possible reasons for what he wrote. So let us turn to a sentence Radosh does agree with, which is a sentence he took from Andrew McCarthy:

There was an ambitious Communist effort to steer American policy in directions that aligned with Soviet interests.

Exactly so. All one needs to add is that this effort was entirely successful and you arrive at Diana West’s central point. So would Radosh accept this altered sentence of McCarthy’s, with my added words in parentheses?

There was an ambitious [and extremely successful] Communist effort to steer American policy in directions that aligned with Soviet interests.

Because that is exactly what the book is about. Would Radosh agree, and if not why not? And if he does agree, what’s his problem with American Betrayal? So let me turn to this, another passage from Radosh’s letter, which is a statement so off centre that it is irritating to even see the words in print:

On this point, McCarthy writes that my interpretation of her “‘occupation’ metaphor” is “overwrought,” and that I was intimating that West asserts American policy “was fully controlled, rather than significantly influenced, by the Kremlin.” McCarthy is wrong about this. Throughout her book, Diana West makes it quite clear that she believes the United States was in fact an occupied power. Ironically, in answering me, West herself wrote that she never used the phrase “occupied power,” and that what she wrote is that “the strategic placement of hundreds of agents of Stalin’s influence inside the U.S. government and other institutions amounted to a ‘de facto’ occupation,” and later in her book, that “the deep extent of Communist penetration, heretofore denied, had in fact reached a tipping point to become a de facto Communist occupation of the American center of power.”

Is he so stupid that he doesn’t see that de facto does not mean actual. She is saying that for all practical purposes, the American war effort was designed to the maximum extent to assist the Soviets not just with their own war effort but with their post-war effort as well. Does Radosh deny this? Does he deny that this is what she meant? But more importantly, does he deny that this is entirely possible based on the facts found in the book. If this is what he thinks then he should stop playing with words and tell us why in his view this conclusion is wrong. Because that is what the argument is about. There were other war aims as well that Washington pursued separate from the Soviet interests, but West never denied that there were or suggested that everything done by the US was designed to help Stalin.

And then this. Radosh writes the following about Lend-Lease which could only seem reasonable to someone who has never read West’s book:

As others and I have pointed out elsewhere, it was in our interest to provide that aid. Lend-Lease to the Soviet Union saved thousands—probably hundreds of thousands—of American lives, enabling the Russians to carry the brunt of the battle in the worst period of the war. In short, the aid given to Russia was not a gift, but was necessary and served the interests of the West in general and the United States in particular. In no way did that aid give the Soviets “far beyond what is necessary.”

It’s not lend-lease that West objected to as assistance in the war effort. Who in their right mind would do that? It is the extent of what was passed to the Soviets. Are the details of the actual materiel sent to the Soviets as described by West in dispute or not, because if they are not, then West has more than proven her case. Since Radosh doesn’t even take this issue up, not with so much as a single contrary piece of evidence, or gives any reason to doubt her sources, he is depending on people who read his review not to have read the book or seen the evidence that West puts into print.

And then with this empty and non-responsive non-response, off he goes to discuss Joe McCarthy which the book was not in the least about. In fact, it is Radosh who is raising the McCarthy scare, to try to frighten people to get them to back off from either reading or defending West’s book. Because if that’s all he has to say – just a few invectives here or there and a fully distorted description of what the book is about – then he has not even begun what would constitute even the most minimal refutation of what West has written. In fact, by not providing an actual answer to the specific issues she raised, and mis-representing what she has actually written, Radosh has demonstrated that no answer is available because if one actually existed that had even an ounce of weight, he would undoubtedly have taken the trouble to tell us what such evidence was.

Radosh ends his letter with this peroration:

There is good history and there is bad history. Unfortunately, some conservatives like Diana West have written very bad history. As one who has for years waged a battle against the Left’s distortions of history to serve its political agenda—primarily fighting against the false Leftist fables of Howard Zinn, Oliver Stone, and Peter Kuznick—I argue that when a self-proclaimed conservative writes an equally contentious, false, and misleading narrative and calls it history, he or she should receive the same kind of critical appraisal as that given to Leftist distorters of our past. Politicized history is just as bad when written from the Right as from the Left.

We know why the left tries to disguise the facts. They don’t want to be seen as complicit in Stalin’s crimes and they prefer to hide their own traitorous activities from public view. But what would West’s motives be? Why would she want to distort the history of the cold war? What political agenda would she be trying to serve? What difference at this stage would it make, other than to a handful of us, who Harry Hopkins was and what he did? What would such politicisation be in aid of? How would the past be distorted by what she wrote, other than to prove what no one said, that the US was an “occupied” power, supposedly in some kind of analogous way to what actually happened in France? To me, both the content and structure of what Radosh has written looks no different from the attempts by the left to defend the Rosenbergs or Alger Hiss by smearing their enemies and scaring people into shutting up. This is the kind of argument that might have been used against Whittaker Chambers in the 1950s.

The more of Radosh’s writings I read, the more I mistrust him. The reaction on the right frightens me even more than Diana West’s original book.

It’s not resentment, it’s disgust

With the political demise of the repulsive Chris Christie, the Republican establishment is in shock and denial. Their golden boy, the one they were grooming to take on Hillary, is now fading into the pack. First there is this about how Christie has leapt from the George Washington Bridge:

The pleasure Mitt Romney loyalists are taking in the struggles of Chris Christie.

The condition is prevalent, stemming from a range of perceived Christie slights towards Romney during the 2012 campaign, which several Romney loyalists ticked off quickly — and with still-evident bitterness.

There was the New Jersey governor’s barring Romney from raising money in the Garden State, his unwillingness to answer vice presidential vetting questions and his highly autobiographical convention keynote speech. Most of all, though, Romney allies remain resentful of Christie’s embrace of President Barack Obama as the two worked together on Superstorm Sandy relief in the waning days of the campaign, which Romney backers believe boosted Obama’s bipartisan bona fides and cost Romney valuable swing votes.

The right word is not “resentful’. The right word is disgust. The only description of what Christie did in the last week of the presidential campaign in 2012 is to say that he double-crossed Romney. He so comprehensively put his own ambitions ahead of every other consideration that he felt no compunction about doing what he could to sink Romney’s campaign so that he could run four years later himself. Anyone who thinks four more years of Obama was preferable to four years of Mitt Romney is such a brainless clown that it is unimaginable for me that I would ever support Christie for president. I am now closer to thinking along just these lines:

The “Republican Party establishment’s chosen champion for 2016 is in the cross hairs of the liberal media,” influential Iowa talk radio host Steve Deace said. “You can’t take out the Democrats until you take out the Republican establishment.”

He added, “I’ve never been happier to watch the liberal news media tear down a Republican because he’s one of their own.”

Romney was not one of their own but they had to wear him because he was so much superior to anyone else as his performance in the primaries showed. That Christie is all they can think of even now shows what an empty cupboard the Republicans now have at the national level. Which is why this story at Hot Air is less ridiculous than you might think:

In interviews with more than a dozen party officials, fundraisers, and strategists in New York and Washington over the past 10 days, Republicans described a palpable sense of anxiety gripping the GOP establishment in the wake of Christie’s meltdown, and an emerging consensus that the once promising cast of candidates they were counting on to save the GOP from the Tea Party — and the nation from Hillary Clinton — is looking less formidable by the week…

“There are definitely people jumping ship,” the operative said, noting that confidence in Christie’s electability has dropped off sharply among the donors he’s heard from…

In fact, it’s gotten so bad, the operative said, that some donors have started looking back fondly on the good old days of 2012: “You know what a lot of them say to me? I think we need Mitt back.”

Well Mitt’s not coming back, not least because his wife has said that Mitt is not coming back. And it’s anyway too late, especially if those who run the Republican Party think it needs saving from the Tea Party. The US is rapidly sinking into an impotent backwater and who’s going to save them now: Hillary Clinton with her husband calling the shots or Jeb Bush continuing another dynasty on the other side? And given how idiotic American politics now seems, what’s to say it won’t be Michelle that will give us the third Obama administration and maybe even a fourth.

How often do you see these things even mentioned in the press?

Cut & Paste picked up something from Mark Latham yesterday that is, unfortunately, locked behind the paywall. This is what they reproduced but is only a mere shadow of just how strange it really was. But it was the bit in bold that got to me. Who even dares mention that such problems exist? Which party is it, whose policies are they, that allow people to live one generation to the next without actually having to work? Is the only solution to have the students of wealthy schools associate with the products of these sinkholes and public housing estates? A glimpse into the real world outcomes of the helpful people of the Labor Party.

Mark Latham weighs into the issue of drunken street violence, Australian Financial Review, yesterday:

IN Sydney’s tabloid media, the knee-jerk response has been to argue for greater social separation: tougher penalties for offenders, with longer periods of incarceration. While this reaction is understandable, it does nothing to confront the core problem.

Why? Latham elaborates:

ANYONE who visits Sydney’s Middle Eastern sinkholes or outer-suburban public housing estates will know why. For every Kings Cross thug the authorities lock away, there’s a long production line of feral adolescents ready to take their place.

And he has someone to blame:

PEOPLE like (Tim) Hawkes (headmaster of The King’s School) are part of the problem. They have promoted elitist values and practices – a form of social segregation whereby the middle class has deluded itself into thinking that private wealth and private schooling can buy public safety.

Solution?

IF the headmasters and families of elite private schools truly want to protect their children they should end their segregationist ethos. They should establish regular teacher and student exchanges with underclass schools, sharing their resources and expertise in promoting responsible male citizenship. If the next generation of Thomas Kellys (the ex-King’s student punched to death in July 2013) are to come in contact with their feral peers, it’s much better for this to happen in the classroom than outside the parlour rooms of Kings Cross.

The UN says democracy is a poor political system for fighting global warming

This is from Hot Air, UN climate chief declares communism best for fighting global warming:

United Nations climate chief Christiana Figueres said that democracy is a poor political system for fighting global warming. Communist China, she says, is the best model.

China may be the world’s top emitter of carbon dioxide and struggling with major pollution problems of their own, but the country is “doing it right” when it comes to fighting global warming says Figueres.

“They actually want to breathe air that they don’t have to look at,” she said. “They’re not doing this because they want to save the planet. They’re doing it because it’s in their national interest.”

It did seem a bit daft even for a climate expert working at the UN. So I went and followed the trail of threads back to the original Bloomberg Report where her comments may be found. More insane than you can imagine:

China, the top emitter of greenhouse gases, is also the country that’s “doing it right” when it comes to addressing global warming, the United Nations’ chief climate official said.

The nation has some of the toughest energy-efficiency standards for buildings and transportation and its support for photovoltaic technology helped reduce solar-panel costs by 80 percent since 2008, Christiana Figueres, executive secretary of the UN Framework Convention on Climate Change, said yesterday in an interview at Bloomberg News headquarters in New York.

The country is facing growing public pressure from citizens to reduce air pollution, due in large part to burning coal. Its efforts to promote energy efficiency and renewable power stem from the realization that doing so will pay off in the long term, Figueres said.

“They actually want to breathe air that they don’t have to look at,” she said. “They’re not doing this because they want to save the planet. They’re doing it because it’s in their national interest.”

China is also able to implement policies because its political system avoids some of the legislative hurdles seen in countries including the U.S., Figueres said.

Key policies, reforms and appointments are decided at plenums, or meeting of the governing Communist Party’s more than 200-strong Central Committee. The National People’s Congress, China’s unicameral legislature, largely enforces decisions made by the party and other executive organs.

The political divide in the U.S. Congress has slowed efforts to pass climate legislation and is “very detrimental” to the fight against global warming, she said.

Think of that the next time the IPCC puts out one of its reports on behalf of the UN.

More on cats

Now that I have discovered through the Time Magazine quiz that cats indicate that someone is to the left, I take a more jaundiced eye to the little freeloader that we have taken in. Here is a further continuation of the same story as before but under this innocent title Research Claims Your Cat Thinks You’re Just Another (Big!) Cat but which then goes on:

Sure, cats are as cute as the next fuzzy mammal and kittens are all-out adorable, but felines enjoy hunting and killing things, and they don’t seem to care much for humans either. Unlike the ‘I’ll-love-you-and-be-your-best-friend-forever-no-matter-what!’ enthusiasm you get from a dog, cats always seem to be giving me the side eye, and in turn, I usually feel the need to give it right back.

Cats are wild animals and independent. What more could anyone else ask for to share their lives with?

A quiz to test whether you are politically left or right

It should be noted that Catallaxy is not a libertarian blog but “libertarian and centre-right”. This seemed to matter, indeed irritate some people such as when I expressed my own serious misgivings about the legalisation of marijuana in Colorado. My main point, although not expressed as well as it might – but it is an old point of mine – was that the media will throw the book at someone depending on their politics. It has nothing to do with the issue itself, only the person involved. Rob Ford they don’t like so the book gets thrown. Nigella Lawson they do like so she is given a free pass.

In an era of possibly the most blatant and disturbing presidential malfeasance in history, it is Chris Christie, an almost-Democrat in every respect other than brand name, who was pilloried for what is a minor misdemeanor but not for a Republican. As I used to point out in 2012, it was a miracle that Mitt Romney had led such a blameless life that the normal slangs and arrows of American politics could generally evade him. Christie should be a reminder just how hard it will be to get a non-Democrat elected anytime soon. Not absolutely impossible, but unbelievably and unnecessarily hard.

As far as illegal drugs go, there is a case to be made on both sides but it is hardly cut and dried. And whatever you might say about grass and hash, to use the terms of my youth, you would be a lot more reluctant to say the same about heroin and cocaine, or at least you should be but who knows. LSD anyone? Any or all of these sold in high school tuck shops or across the road? No lines anywhere laid down by the community? Not for me, but maybe for you.

Anyway, here is a quiz that says it can assess your political orientation between left and right. It’s been put together by Time Magazine and who knows how normalised. But I worked out at 89% conservative based on questions, some of which I found perfectly transparent but answered them as I would in any case have done, and some for which I was surprised about the way the system gauged my left-right orientation. It’s not serious, just for fun and no one’s going to know except for yourself.

Say’s Law makes it to the AFR

afr - steve kates on says law

says law and the keynesian revolution

Is it possible that economic theory has regressed over the past hundred years. Well if you ask me, it’s a certainty. (For further confirmation, see Alan’s post on Larry Summers below.) An economist in 1914 knew more about how an economy worked than an economist in 2014. Less detail, fewer stats but a greater grasp of how it all fit together. How odd is that!

What’s the difference. Economics is now infused, both in it theory and in its practitioners, with socialists who simply refuse to believe that markets left to themselves will generally speaking produce the optimal economic outcome. The idea is now so outré that economics texts – aside from one or two that I am aware of – are no longer designed to explain how the market works. They instead start from the premise that markets will go wrong and that governments must take action at every turn to set things right.

Anyway, I have an article in the Financial Review today which is titled, “What Say’s Law has to say about the financial crisis” which really is, what pre-Keynesian classical theory has to say about the crisis.

There you have the core of the classical theory of the cycle which may be broken down into the following components.

• Misconceived production decisions are what starts the rot.

• These misconceived decisions lead to a greater output of particular goods and services than there is a market for them at prices that will repay all of the previous costs of production.

• The economy must therefore backtrack to remove those parts of economic activity in which production is greater than demand.

• And thus we have recessions.

Recessions are thus structural. Instead our textbooks teach Y=C+I+G and explain recessions as a result of too much saving and too little demand, the fallacious notions that Say’s Law was specifically designed to expose.

Macroeconomic theory is not just nonsense but dangerous nonsense. Using it to manage an economy will leave wreckage in its wake as it has consistently done everywhere and every time it has been used to solve some economic problem.

Economies are built up by genuinely value adding activities which most government forms of spending most definitely are not. That doesn’t say governments shouldn’t do them. It merely says they should not deceive themselves into believing that public spending is the road to rapid rates of non-inflationary growth. Public spending draws down on our productivity rather than building it up. If the last five years have taught us anything, hopefully at least it has taught us that.

A big dumb ox

a big dumb ox

As I have already discussed in an earlier post, there is a ferocious debate going on in the US at the moment over the book written by the American journalist, Diana West. The book is titled, American Betrayal: The Secret Assault on Our Nation’s Character and to give you its essence, is about how communist infiltration of the Roosevelt administration ultimately meant that America’s war aims during World War II were, for all practical purposes, determined in Moscow. But what is most peculiar about the book is that it has created such a major and intense schism on the right between those who agree with her and those who think everything she wrote is delusional.

To give you some idea of the nature of this debate, there has been a furious correspondence at The New Criterion following its publication in December of a review of the book. The editor has now published a defence, not so much of West herself, but of the importance of maintaining an open mind. His editorial is titled, Premature historical closure: Why it’s important to continue debating the historical record, in which he refuses to take sides. The correspondence that follows the editorial, which is different from the correspondence found in the magazine itself, is generally quite dismayed at this evenhanded approach since if you are the type of person who subscribes to The New Criterion you are not apt to find it all that farfetched to hear that Roosevelt’s White House was riddled with communists or that it made a difference in how the war was fought.

As it happens, I read the book myself before it had become quite as controversial as it now has and wrote a review of it that has just been published in the January-February issue of Quadrant. At the start of the review, I write what I feel even more to be the case now that I have witnessed this continuous harassment of West by others who one would have thought would be on her side, our side.

No book has ever frightened me as much as American Betrayal. The only thing wrong with reading it is that you find yourself so surrounded by impossible odds that it seems there is no way you can go that isn’t in the wrong direction. Trying to fix things is as bad as just leaving them alone. But because the story the book tells is so incredible, you realise just how unbelievable her thesis would be unless you had read the book yourself.

And while the issue is narrowly about Soviet infiltration of the American foreign policy apparatus, the book has much wider implications that not only matter in the present but will remain a concern as far into the future as one might try to look. As I say in the review, I don’t wish to tell you what the book is about since it is the breadth and detail that matter. It is over 400 pages long with every fact footnoted and referenced. By the time you are finished, you will know why I have titled the article, “America, the Big Dumb Ox”. And if you read the book, you will also see what makes me so fearful about the future of the Western world.

The roll of profits

How seldom do you get someone even to notice that every business in a supply chain must make more money than it spends if the goods you buy are ever going to be produced. A particularly sensible article from someone called Captain Capitalism.

Leftist of a particularly idiotic and idealistic stripe contest otherwise. They often pine wistfully for a "world without profits." But simply ask yourself what kind of a world would that be?

Without profits not one single business would be started. Why would any would-be entrepreneur sacrifice his time, his money, and his labor NOT to make any money? And with no businesses who, precisely, would be producing all the goods and services you and all those lovey lefties need to survive? (just ask those Venezuelans about toilet paper and electronics). This goes a long way in explaining why there were lines for simple staples like BREAD in the Soviet Union.

Also without profits why would anybody go to work? I'm not allowed to keep the fruits of my labor? Forget the fact no companies are hiring because none exist because profit has been outlawed; people wouldn't show up to the work in the first place if they weren't getting paid.

What about all the suppliers, consultants, energy providers, accountants, lawyers, and other third parties that go into supporting a business? If they are not allowed to profit why would anybody provide internet access to the company, computers, legal services, etc. if there was no profit? What the left (and most non-accounting people on the right) fail to realize is that it isn't just the "evil rich business owners" that gets profits, but all his suppliers, vendors, employees, he pays. In other words ALL of his expenses are other people's profits.

Profits are not some static amount but roll their way through the economy.